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Petrol Price in New Delhi (19th August 2018)

Petrol prices in New Delhi have been turning more volatile, as prices of crude oil have been showing a firm trend. It is important to check todays petrol price in New Delhi (₹77.40), especially if you are going for a long drive. Remember, petrol and diesel prices are revised daily, so you can lose much, if you are travelling on a long distance. The rupee has also moved lower against the dollar, which has made petrol prices in New Delhi more expensive than before. It is hoped that the government can reduce excise duties, so as to enable rates to become more cheaper in the coming days.

Aug 19, 2018
₹ 77.40 /Ltr (₹ 0.12 )
(Applicable from 6 am) Diesel Price in New Delhi

Last 10 Days Petrol Rate in New Delhi

Date Price Price Change
Aug 18, 2018 ₹ 77.28 ₹ 0.08
Aug 17, 2018 ₹ 77.20 ₹ 0.00
Aug 16, 2018 ₹ 77.20 ₹ 0.06
Aug 15, 2018 ₹ 77.14 ₹ 0.00
Aug 14, 2018 ₹ 77.14 ₹ 0.00
Aug 13, 2018 ₹ 77.14 ₹ -0.09
Aug 12, 2018 ₹ 77.23 ₹ 0.00
Aug 11, 2018 ₹ 77.23 ₹ 0.10
Aug 10, 2018 ₹ 77.13 ₹ 0.07
Aug 9, 2018 ₹ 77.06 ₹ 0.00

Daily & Monthly Petrol Price in New Delhi : Graphical Representation

Historical Petrol Price in New Delhi

  • Trend of Petrol Rate in New Delhi, July 2018
  • Petrol Price
    1 st July Rs.75.55
    31st July Rs.76.31
    Highest rate in July Rs.76.95 on July 14
    Lowest Rate in July Rs.75.55 on July 2
    Over all performance Rising
    % Change +1%
  • Trend of Petrol Rate in New Delhi, June 2018
  • Trend of Petrol Rate in New Delhi, May 2018
  • Trend of Petrol Rate in New Delhi, April 2018
  • Trend of Petrol Rate in New Delhi, March 2018
  • Trend of Petrol Rate in New Delhi, February 2018

Petrol prices in Delhi are now changing everyday, as against every 15 days before. We are providing daily petrol price rates, so you can check the same on goodreturns.in

The advantage of doing that is you know when to fill petrol and make maximum use of falling petrol prices. In any case Delhi petrol rates are much lower then some of the other cities in India. It also sets the trend for an increase or decrease in rates in various other cities of India. The rates would be largely determined by the largest oil marketing companies in India, that is Indian Oil, Bharat Petrolem and Hindustan Petroleum. You would do well to check the rates given the fact that if you fill same about 30 to 40 litres petrol you could tend to lose a lot. Now that petrol prices in Delhi have been dergulated like many other cities in the country.

How are petrol prices in Delhi determined?

Petrol rates in Delhi largely depend on how international prices of crude oil move. It is largely linked to international crude prices, which trade abroad. There is also an India crude basket, which largely determines the prices of Petrol in Delhi. It is always advisable to check the petrol prices, if you are planning to fill your automobile to the brim. A small change in rates can be mean a lot when you have larger volumes of diesel or petrol to fill. Diesel prices in Delhi also more or less move in a smilar way.

Increasing trend in the last few days

Lately, we have been seeing an increasing trend of petrol prices rallying in several cities. In fact, in places like Delhi they have now hit the Rs 72 per litre mark. This has happened as international prices of crude have gone higher and there is every possibility that there could be a further increase in prices.

The government has in the past cut the excise on petrol to make-up for the huge gains seen in the prices of petrol. However, any such cuts in the excise tends to impact the government's fiscal deficit.

If the trend of an increase in Delhi prices of petrol today continues, we may soon realize that rates have now hit a three year high and this is not good news for any government.

An urgent cut in the prices of the fuel is needed to be implemented by the government at the earliest.

How petrol prices are influenced in Delhi?

Todays petrol prices in New Delhi are a result of a host of a factors that influence rates. Among these include world prices of the fuel. At the moment Brent Crude prices are trading at $64. When these prices go higher, the India crude basket goes higher, which in turn alters the daily price of petrol in Delhi. A similar thing can be seen as far as diesel is concerned. 

It is hence a good idea to check prices of the fuel before leaving your home. For the last few days there has been a declining trend at the retail level. Once petrol and diesel prices are bought under the ambit of the Goods and Services Tax, we may see these prices declining in the coming days. In the meantime, we would have to continue to pay the desired sum and wait for a fall in todays petrol rates in New Delhi.  

 How Petrol Prices in New Delhi Today are calculated?

Fuel rates in India depend on a host of things. Petrol prices in Delhi today depend on the India crude basket, transportation costs, value added taxes and excise duty levied by the government.

The fuel costs in the city are pretty high, though they are way lesser than what Mumbai charges. The city has one of the highest value added taxes, which has pushed petrol prices higher.

In India, when excise by the government is hiked, petrol prices in Delhi tend to increase. At the moment, excise is slightly more than Rs 21. The local government also tends to tinker with the value added tax, which tends to inflate the fuel rates.

The currency also plays a big role, in pushing the price of petrol and diesel either way. If rates tend to move in one direction heavily, the government can cut or hike rates accordingly.

 Overall, it is likely that we will see sharp cuts in the prices of the fuel in the coming days. International prices have the biggest bearing and any drop in these tend to help rates cuts. Movement of the rupee against the dollar also tends to impact petrol and diesel prices accordingly.

So, for calculation of todays petrol price in Delhi one has to taken into account, excise, value added tax, India crude basket and currency movement. 

 

Petrol Prices in New Delhi Inches Towards Rs 78 Per Litre

The petrol prices in New Delhi were up today by 8 paise per litre to touch Rs 77.28. The prices of petrol are rallying on a regular basis in the last few days in the country.

The crude oil prices are surging in the global market with Brent at $71.83 per barrel, up by 0.56% and WTI at $65.21 per barrel, up by 0.51%.

The trade tariff war between the U.S. and China has escalated badly and this has affected most of the developing nations in Asia. The strengthening dollar has weakened other local currencies which has inturn  reduced the purchasing power as well as demand for the fuel in the world.

The strong dollar raises the oil importing countries import bill as well as making the dollar-priced crude oil more expensive to purchase for the holders of other currencies. With the declining rupee against the dollar, the country’s crude oil import bill is likely to jump by $26 billion for the fiscal 2018-2019 as stated by an Indian government official.

The value of rupee has tumbled down to settle at 70.32 per U.S. Dollar recently which has lead to the rise in the retail selling price of petrol, diesel and cooking gas in the country.

18 August 2018
Petrol Prices in New Delhi Remains Unchanged

The petrol prices in New Delhi, the capital of India remained unchanged at Rs 77.20 per litre. The petrol rates are changed on a regular basis as per the dynamic fuel pricing technique in India.

The petrol prices in India mainly depends on international crude oil prices which is volatile in nature. The possible talks between the China and the U.S. over the recent trade tariff war is likely to ease out the escalating tensions which have affected most of the developing economies of the world.

The news about the trade talks has led to the surge in the crude oil prices in the global market with WTI at $65.68 per barrel, up by 0.34% and Brent at $71.75 per barrel, up by 0.45%.

China has agreed to hold low-level talks with the U.S. delegates in Washington during this month with a hope to resolve the trade war which was launched by the Donald Trump, President of the United States of America.

17 August 2018
Petrol Prices in New Delhi Goes Up By 6 Paise

The petrol prices in New Delhi, the national capital of India was up by 6 paise starting from 6 am in the morning. The petrol rates in New Delhi has touched Rs 77.20 per litre.

The rise in the prices of fuel is likely to trigger inflation rates in the country. Fuel is an essential for the transportation of milk, fruits, vegetables, food grains, pulses and so on from one place to another place. Increase in the fuel prices leads to the rise in the prices of fruits, vegetables, essential commodities and so on.

At the end of the day, the consumers have to bear the brunt of the rise in the prices of fuel in India. In the global scenario, the crude oil prices surged up due to the volatile environment.

WTI Crude was seen at $65.11 per barrel, up by 0.15% and Brent was at $71.13 per barrel, up by 0.52% in the international market.

The U.S. sanctions on Iran is likely to remove more than 1 million barrel of Iranian oil from the market by early November. The decline in the supply of oil will impact its prices and analyst’s estimate that the crude oil prices may touch as high as $150 per barrel in the coming months.

16 August 2018
Petrol Rates in Delhi Stays Fixed

The petrol prices in New Delhi, the national capital of India has remained stagnant amid the surge in the crude oil rates in the global market.

The petrol rates in Delhi is at Rs 77.14 per litre across all the fuel stations in the national capital. The prices of petrol has remained fixed after an increase in the prices over the last few days owing to volatility in the oil industry.

In the global scenario, the crude oil prices increased slightly with WTI at $68.03 per barrel, up by 1.24% and Brent at $73.47 per barrel, up by 1.18%.

As an effort to save the market share in terms of oil supply to other countries Iran has reduced the prices of the crude oil to its member countries as the U.S. Sanctions on Tehran kicks in after a few weeks from now.

According to a report, the National Iranian Oil Company has cut the oil prices for its Asian clients in the range of $0.75-$0.90 per barrel and by $0.50 per barrel for its western clients.

14 August 2018
Petrol Prices in New Delhi Remains Steady

The petrol prices in New Delhi has remained steady from the last two days at Rs 77.23 per litre after the surge in its prices over the last couple of days in the last week owing to the geopolitical tensions escalating amongst the member countries.

India imports oil from abroad and the prices of fuel in India is determined by the various factors which include global crude oil prices, currency-rupee exchange value, state-based value-added tax, demand and supply for fuel and so on.

Currently, the fuel prices in the global market have dipped with WTI at $67.60 per barrel, down by 0.04% and Brent at $72.64 per barrel, down by 0.23%.

The tensions between Iran and the U.S. has escalated to a peak point, which in turn is impacting the oil industry across the globe. The U.S. is persuading all the member countries who import oil from Tehran to reduce the same and cut it down to ‘zero’ by early November triggering volatility in the oil industry.

Analysts believe, that the move is likely to create havoc in the oil market as the fuel prices in the global market is likely to touch $90 per barrel in the second quarter of 2019 if the member countries cut off oil supply from Iran on a large scale basis.

Despite the best efforts from the White House in persuading the member countries to cut off the oil supply from Iran, China – Tehran’s biggest oil customer has agreed to reduce the import of oil from Iran but is unlikely to reduce the oil imports from the oil major to zero and even India is following the same suit.

13 August 2018
Petrol Prices in New Delhi Hiked For Second Straight Day

The petrol prices in New Delhi were up again for the second straight day following global trends which witnessed a rise in the crude oil prices in the international market.

The residents of Delhi now have to pay Rs 77.23 per litre of petrol across all the fuel filling stations starting from today. The petrol prices are revised on a daily basis in India by the oil marketing companies and the revised rates come into effect at 6 am in the morning.

The crude oil prices were up today during the trading session amid easing tensions over short-term supply of fuel for the oil importing countries. Analysts feel that the existing situation of lower prices and less demand growth is not going to last for a longer period of time. The U.S. effort to bring down the supply of Iranian exports to zero is impossible in nature and it is likely to create a major challenge for oil supply across the globe hampering trade ties with member countries.

Meanwhile, the crude oil prices again rose after declining for a couple of days with WTI at $67.63 per barrel, up by 1.23% and Brent at $72.81 per barrel, up by 1.03%.

11 August 2018
Petrol Prices Up By 7 Paise in New Delhi

The petrol prices in New Delhi were up by 7 paise since today morning bringing up the prices of petrol to cost Rs 77.13 per litre across all the fuel stations.

This is the seventh hike in the petrol prices in India during the month of August 2018. The petrol rates are hiked across all the cities, state capitals and metropolitan cities in the country today.

India is an oil importing country, the country depends on oil-producing countries for oil supply. As of now, the country is looking out for an alternative source for supply of crude oil to replace Iran which is currently facing sanctions from the United States of America.

The U.S. has set an ultimatum to all the oil importing countries to stop importing oil from the oil major by November 4. India is one of the highest importers of crude oil from Iran next to China over a long period of time. The recent sanctions on the Tehran has led the country to enter into an agreement with the U.S. oil company for a short-term supply of oil between November – January.

On the other hand, the global oil prices sank owing to escalating trade tariff war between the U.S. and China which are all set to impose tariffs on each other over imported goods in the last few weeks. The ongoing trade war has set a state of inconvenience for all the other countries around the globe.

Brent crude was trading at $71.55 per barrel, down by 0.72% and WTI Crude was at $66.47 per barrel, down by 0.55%.

10 August 2018
Petrol Prices Remains Steady in New Delhi

The petrol prices in New Delhi, the national capital of India remained steady at Rs 77.06 per litre since yesterday. The state-run oil marketing companies have hiked the petrol prices in Delhi for last few days on a regular basis owing to the surge in the prices of crude oil in the global market.

India is an oil importing country. The country relies on Iran for securing crude oil. But the U.S. sanction on Iran has led the country to look out for an alternative source for regular supply of crude oil and as per the recent reports, the countries largest oil marketing company – Indian Oil Corp has approached a U.S. based oil company and has purchased a total of 6 million barrels of crude oil which is scheduled for delivery between November – January to replace the Iran’s oil cargoes ahead of the U.S. Sanctions on Iran’s oil imports which comes into effect during early November.

Meanwhile, the crude oil prices in the international market slipped further and WTI was seen at $66.67 per barrel and Brent crude the benchmark of crude was at $72.06 per barrel.

9 August 2018
Petrol Prices in New Delhi Remains Stagnant

The petrol rates in New Delhi remained stagnant today after a steep increase in the prices of petrol over the last few days owing to volatility in the oil industry. The prices of petrol in New Delhi was recorded at Rs 77.06 per litre today.

India is an oil importing country and the country depends on imports to the tune of 80% to fulfill its domestic requirements. India imports crude oil from Iran which is one the oil producing country in the world. The recent sanctions imposed by the U.S. on Iran after the U.S. pulled itself out from the U.S. - Iran Nuclear Deal has led to the surge in the prices of crude oil in the global market. Apart from this, the White House has warned all the oil importing countries who depend on Iran to procure oil from some other countries by November 4, 2018.

India is looking out for some other country for the supply of crude oil to meet the requirements to avoid wrath from the U.S. Despite the increase in the production of oil by Saudi Arabia and other member countries, the oil prices have failed to shrink its prices in the global market and the prices are rallying on a regular basis since past few months.

The WTI crude oil is trading at $69.24 per barrel, up by 0.10% and Brent Crude is at $74.68 per barrel, up by 0.04% in the global market.

8 August 2018
Petrol Prices in New Delhi Becomes Costlier by 20 Paise Per Litre

The petrol prices are up in the city of New Delhi, the national capital of India for the third consecutive day in a row. The residents of the capital city have to pay Rs 76.70 per litre, up by 20 paise, across all the fuel stations starting from 6 am in the morning today.

The state-run oil marketing companies in India changes the prices of fuel on a regular basis at 6 am in the morning as per the dynamic fuel pricing technique. India depends on oil importing countries to meet the growing needs of the domestic market. Any change in the prices of fuel in the international market will directly impact the prices of petrol in India as well.

The crude oil prices declined in the global market ahead of the loss of crude oil supply from Iran amid sanctions from the U.S. On Monday-August 6, the first set of the U.S. sanctions on Iran will snap back and the White House is likely to set tough actions in the coming future months.

Analysts expect that oil markets are likely to tighten further by the end of the year despite the increase in the oil production by OPEC member countries.

The crude oil prices have declined since the last couple of days due to various external factors. The WTI Crude was down by 0.68% at $68.49 per barrel and Brent was down by 0.33% at $73.21 per barrel.

4 August 2018

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